Steel News

NLMK to Introduce Auxiliary Equipment for Hot Strip Mill

24 November 2010 - Novolipetsk Steel has concluded a €2.3 million contract with Sytco a.g. for the supply of a new roll-grinding machine for special grinding and proper roll surface profiling for its 5 million tonnes-per-annum capacity hot strip mill in Lipetsk.

Severstal to Supply Rolled Metal Products to New Automotive Standards

24 November 2010 - The Cherepovets Integrated Iron and Steel Plant—part of the steel segment of the Severstal Russian Steel Division—will start deliveries of GMW (General Motors Worldwide) standard rolled metal products for General Motors.

TU Freiberg, MgF Inaugurate Magnesium Hot Rolling Mill

23 November 2010 - Technische Universität Bergakademie Freiberg and MgF Magnesium Flachprodukte GmbH inaugurated a new hot rolling mill for magnesium. The mill will be operated by the university’s Institute of Metal Forming, extending a production line for magnesium flat products developed jointly by the university and MgF.

Posco Completes Global R&D Center

23 November 2010 - Posco recently completed its Global R&D Center at the Songdo International City in Incheon. Construction for the R&D center started in June 2008.

Evraz Signs Five-Year Loan Agreement

23 November 2010 - Evraz Group S.A. has signed a US$950 million structured credit facility, maturing in 2015 and secured with assignment of sales proceeds under certain export contracts.

Posco Strengthens Relationship with Vale

22 November 2010 - Vale recently visited the steelmaking division of the Pohang and Gwangyang steel mill to better understand iron ore manufacturing and Posco’s steelmaking process. This was Vale’s sixth visit since an exchange program was established.

SSAB Names Winner of 2010 Swedish Steel Prize

22 November 2010 - South African company Van Reenen Steel Ltd. was awarded this year’s international Swedish Steel Prize for the development of a lighter, more durable body for dump trucks in the mining industry.

ArcelorMittal Kryviy Rih Recognized for Environmental Excellence

22 November 2010 - ArcelorMittal Kryviy Rih has won the award for ecological excellence in the national "Environmental Quality and Safety" competition as a result of several projects that improved the environmental performance of the company last year.

Usiminas Revises Investment Plan in Brazil

22 November 2010 - Usiminas announced that its Board of Directors recently decided to cancel the project for construction of a new plant in the city of Santana do Paraíso, state of Minas Gerais. The Board also approved the investments of Mineracao Usiminas S.A. in the amount of R$550 million, related to the first stage of the Production Capacity Expansion Plan.

World Crude Steel Production Continues to Climb through October

22 November 2010 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 117.56 million tonnes in October 2010 — a 5.2% increase from the previous month (September 2010) and a 2.4% increase vs. October 2009.

voestalpine Announces Results for First Half Year 2010/11

19 November 2010 - voestalpine Group reported that its EBIT increased almost tenfold in the first half of the business year 2010/11, up to 414.2 million EUR compared to 42.7 million EUR in the same period last year. Net income was 249.7 million EUR.

SMS Logistiksysteme to Extend Pallet Transport System at Bhushan Steel

19 November 2010 - Bhushan Steel Ltd., India, has issued an order to SMS Logistiksysteme, Germany, for the extension of the pallet transport system for hot-rolled coils at the Angul location in the federal state of Orissa.

Hitachi Metals Establishes New Production Base in China for Piston Ring Materials

19 November 2010 - Hitachi Metals, Ltd. recently announced its plans to establish a production base in Suzhou, China, for high-quality, high-performance stainless steel piston ring materials used in automobile components. It will be located inside Hitachi Metals (Suzhou) Technology, Ltd., a company active in the production of multilayered devices and target materials.

Posco, Mechel Sign MOU for Resource Development in Siberia

19 November 2010 - Posco and Mechel recently signed a memorandum of understanding for a partnership on resource exploitation and joint investments, ports modernization and infrastructure construction, review for construction of a steel mill to produce semi products in the mid-/long-term, and promotion of products.

Evraz Group Appoints Director of Lean

18 November 2010 - Evraz Group announces the appointment of a new Director of Lean in support of the company’s key priorities: cost reduction and efficiency improvements through best practice operations and process management.

Metinvest Closes Merger Deal with Ilyich Steel

18 November 2010 - Metinvest B.V. has obtained all the required approvals and permits from anti-monopoly authorities to acquire control over Private JSC “Ilyich Stal” and Public JSC “Ilyich Iron and Steel Works of Mariupol.”

Essar Hypermart to Expand in Tamilnadu and Pondicherry

18 November 2010 - Essar Hypermart plans to expand its retail outlets in Tamilnadu by 30% by 2011. It currently has 44 outlets in Tamilnadu and Pondicherry, increasing to 58 by March 2011.

Avdiivka Coking and Chemicals Plant Invests in Emissions Reduction

18 November 2010 - Avdiivka Coking and Chemicals Plant has started test operation of the closed coking gas cooling unit at the second section of Collection Shop #1. This is the final phase of the coking gas final cooling system reconstruction, which reduces annual emissions of chemical substances by more than 2,000 tonnes.

Tata Steel Executives Recognized by Indian Institute of Metal

17 November 2010 - The Indian Institute of Metal (IIM) has conferred five awards to different Tata Steel executives in recognition of their outstanding contribution to the steel industry. The ceremony was part of IIM’s Annual Technical Meeting at Indian Institute of Science, Bangalore.

Severstal Reports Q3 2010, Nine-Month Results

17 November 2010 - OAO Severstal announced its financial results for the third quarter and nine months of 2010, including a Q3 net profit of $368 million and the restoration of a dividend payment.